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Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg >

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dc.contributor.authorHeidler, Matthiasen_US
dc.contributor.authorHäcker, Jasminen_US
dc.date.accessioned2009-01-29T15:30:26Z-
dc.date.available2009-01-29T15:30:26Z-
dc.date.issued2004en_US
dc.identifier.piurn:nbn:de:bsz:25-opus-18548-
dc.identifier.urihttp://hdl.handle.net/10419/22995-
dc.description.abstractImplementing a fairness component into a standard overlapping-generations model and allowing young individuals to vote on their own pension payments, we show that they adapt the pay-as-you-go pension scheme to future demographic changes. In particular, we explain why young generations cut their retirement benefits thus partially phasing out social security during a fertility decline. Carrying out a simulation, we furthermore calculate the costs of implementing fairness into utility. From the viewpoint of an individual, these costs are reduced by equalizing generational accounts. Hence, under certain conditions policy actions based on generational accounts may be compatible with intertemporal welfare maximization.en_US
dc.language.isoengen_US
dc.publisheren_US
dc.relation.ispartofseriesDiskussionsbeiträge / Institut für Finanzwissenschaft der Albert-Ludwigs-Universität Freiburg im Breisgau 121en_US
dc.subject.jelD63en_US
dc.subject.jelH55en_US
dc.subject.ddc330en_US
dc.subject.keywordintergenerational fairnessen_US
dc.subject.keywordsocial securityen_US
dc.subject.keyworddemographyen_US
dc.subject.stwGenerationenbeziehungenen_US
dc.subject.stwGerechtigkeiten_US
dc.subject.stwSoziale Sicherungen_US
dc.subject.stwOverlapping Generationsen_US
dc.subject.stwPublic Choiceen_US
dc.subject.stwUmlageverfahrenen_US
dc.subject.stwIntergenerative Belastungsrechnungen_US
dc.subject.stwZeitpräferenzen_US
dc.subject.stwAlternde Bevölkerungen_US
dc.subject.stwTheorieen_US
dc.titleIntergenerational Fairness During Demographic Transitionen_US
dc.typeWorking Paperen_US
dc.identifier.ppn393802590en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
dc.identifier.repecRePEc:zbw:alufin:121-
Appears in Collections:Diskussionsbeiträge, Inst. f. Finanzwissenschaft, Universität Freiburg

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